Lockheed Martin Corporation (LMT) — Capital Reinvestment Ratio
Lockheed Martin Corporation (LMT) has a Capital Reinvestment Ratio of 0.10x as of September 2025, meaning it reinvests 0% of its operating cash flow ($3.73 Billion) in capital expenditures ($381.00 Million). Check Lockheed Martin Corporation tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Lockheed Martin Corporation Capital Reinvestment Ratio (1992–2024)
This chart tracks Lockheed Martin Corporation's Capital Reinvestment Ratio across 33 annual periods. For the full cash flow conversion analysis, see LMT cash generation efficiency.
Annual Capital Reinvestment Ratio for Lockheed Martin Corporation (1992–2024)
Year-by-year Capital Reinvestment Ratio for Lockheed Martin Corporation from 1992 to 2024. See Lockheed Martin Corporation (LMT) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.24x | $6.97 Billion | $1.69 Billion | ▲ +13.2% |
| 2023 | 0.21x | $7.92 Billion | $1.69 Billion | ▼ -0.3% |
| 2022 | 0.21x | $7.80 Billion | $1.67 Billion | ▲ +29.7% |
| 2021 | 0.17x | $9.22 Billion | $1.52 Billion | ▼ -23.5% |
| 2020 | 0.22x | $8.18 Billion | $1.77 Billion | ▲ +6.3% |
| 2019 | 0.20x | $7.31 Billion | $1.48 Billion | ▼ -50.2% |
| 2018 | 0.41x | $3.14 Billion | $1.28 Billion | ▲ +124.1% |
| 2017 | 0.18x | $6.48 Billion | $1.18 Billion | ▼ -11.3% |
| 2016 | 0.20x | $5.19 Billion | $1.06 Billion | ▲ +11.3% |
| 2015 | 0.18x | $5.10 Billion | $939.00 Million | ▼ -15.8% |
| 2014 | 0.22x | $3.87 Billion | $845.00 Million | ▲ +18.9% |
| 2013 | 0.18x | $4.55 Billion | $836.00 Million | ▼ -69.5% |
| 2012 | 0.60x | $1.56 Billion | $942.00 Million | ▲ +160.0% |
| 2011 | 0.23x | $4.25 Billion | $987.00 Million | ▲ +0.4% |
| 2010 | 0.23x | $3.55 Billion | $820.00 Million | ▼ -13.9% |
| 2009 | 0.27x | $3.17 Billion | $852.00 Million | ▲ +28.2% |
| 2008 | 0.21x | $4.42 Billion | $926.00 Million | ▼ -5.5% |
| 2007 | 0.22x | $4.24 Billion | $940.00 Million | ▼ -6.1% |
| 2006 | 0.24x | $3.78 Billion | $893.00 Million | ▼ -12.8% |
| 2005 | 0.27x | $3.19 Billion | $865.00 Million | ▲ +3.0% |
| 2004 | 0.26x | $2.92 Billion | $769.00 Million | ▼ -30.7% |
| 2003 | 0.38x | $1.81 Billion | $687.00 Million | ▲ +31.3% |
| 2002 | 0.29x | $2.29 Billion | $662.00 Million | ▼ -14.7% |
| 2001 | 0.34x | $1.82 Billion | $619.00 Million | ▲ +36.8% |
| 2000 | 0.25x | $2.02 Billion | $500.00 Million | ▼ -60.1% |
| 1999 | 0.62x | $1.08 Billion | $669.00 Million | ▲ +81.0% |
| 1998 | 0.34x | $2.03 Billion | $697.00 Million | ▼ -44.7% |
| 1997 | 0.62x | $1.21 Billion | $750.00 Million | ▲ +37.8% |
| 1996 | 0.45x | $1.64 Billion | $737.00 Million | ▲ +9.6% |
| 1995 | 0.41x | $1.29 Billion | $531.00 Million | ▲ +20.6% |
| 1994 | 0.34x | $1.49 Billion | $509.00 Million | ▼ -7.2% |
| 1993 | 0.37x | $1.46 Billion | $536.00 Million | ▼ -13.1% |
| 1992 | 0.42x | $1.18 Billion | $498.00 Million | — |